Located in southeastern Connecticut, New London County is known for its maritime history and beautiful coastline. It’s also where some of Connecticut’s wealthiest towns are found (multi-million dollar waterfront homes!)
Below we will take a closer look at these affluent coastal Connecticut towns in New London County.
Here are the richest towns in New London County.
The rankings are based on both income and home prices.
Note: We realize we are using the term “town” loosely since some of these towns are really districts.
6 Richest Towns in New London County (Connecticut)
- Groton Long Point
- Stonington
- Noank
- Mystic
- Old Mystic
- Niantic
1. Groton Long Point, CT
Groton Long Point is the richest town in New London County with a mean income of $213,039 and a median home price of $1,191,472.
Groton Long Point is known as an affluent coastal Connecticut town.
Famous for its beautiful Groton Long Point Beach, a private beach for residents only.
Waterfront homes in Groton Long Point are synonymous with luxury and elegance, offering breathtaking views of the Connecticut shoreline.
Groton Long Point is a small Connecticut beach town with a population of 530, with 12.0% of residents being children under 18 years of age.
There is a high percentage of senior citizens living in Groton Long Point with 41.1% of residents being seniors.
An overwhelming 82.6% of homes in Groton Long Point are owner-occupied, while the average rent costs around $2,114.
Additionally, 79% of Groton Long Point residents hold a Bachelor’s Degree or higher.
What Can You Buy for $1.8 million at Groton Long Point, CT
For $1.8 million, you can buy a 2,310 sq ft waterfront home in Groton Long Point.
A contemporary colonial home with 5 bedrooms and 3.5 baths overlooking Fishers Island Sound with a waterfront patio. You will get access to the private Groton Long Point Main Beach, a clubhouse, local tennis courts, and eligibility for the Groton Long Point Yacht Club.
| Groton Long Point, CT | |
|---|---|
| Mean Income | $213,039.00 |
| Median Home Price | $1,191,472 |
2. Stonington, CT
Stonington is one of the richest towns in New London County with a median home price of $704,802 and a mean income of $161,725.
Stonington is a charming coastal Connecticut town known for its rich maritime history and beautifully preserved historic architecture.
With a small population of 976, Stonington is a quintessential New England coastal town with a scenic seaport filled with fishing boats, boutique shops, seafood restaurants, and a historic lighthouse.
There is a high percentage of senior citizens living in Stonington with 41.7% of residents seniors over 65 years old while only 15.3% of residents are children under 18 years old.
There are many rentals in Stonington with only 57.7% of homes being owner-occupied. The average rent in Stonington is $1,342.
What Can You Buy for $1.45 million in Stonington, CT
For $1.45 million, you can buy a 2,405 sq ft waterfront home in the sought-after Latimer Point community of Stonington, CT. A renovated waterfront home with 3 bedrooms, 3 full baths, two half baths, and a 60′ dock with breathtaking water views from a spacious rear deck.
| Stonington, CT | |
|---|---|
| Mean Income | $161,725.00 |
| Median Home Price | $704,802 |
3. Noank, CT
Noank is a wealthy town in New London County with a median home price of $739,028 and a mean income of $150,316.
Noank is a coastal Connecticut town located at the mouth of the Mystic River in southeastern Connecticut.
Although technically part of the town of Groton, we are listing Noank as a separate “town” because it is a distinct part of Groton similar to how Rowayton is to Norwalk.
Noank is best known for its scenic views, historic homes, and delicious lobster rolls.
Abbott’s Lobster in the Rough is one of the best places for lobster rolls in Connecticut.
Located right on the water in Noank, Abbott’s has been serving up classic New England seafood, especially their famous lobster rolls, for decades.
Noank is a small coastal town with a small population of 1,654, with 9.3% being children under 18 years old and 35.6% of residents as seniors.
A majority of homes, 78.2%, are owner-occupied, and the average rent at Noank is $950.00.
| Noank, CT | |
|---|---|
| Mean Income | $150,316.00 |
| Median Home Price | $739,028 |
4. Mystic, CT
Mystic is one of the wealthiest beach towns in New London County with a median home price of $519,846 and a mean income of $142,828.
Located along the Mystic River in southeastern Connecticut, known for its charming seaside downtown, the Mystic Seaport Museum, and the iconic Mystic Pizza restaurant (Julia Roberts movie!)
Downtown Mystic has a bustling Main Street with a drawbridge, shops, and waterfront restaurants attracting visitors from all over.
Mystic is home to 4,348 residents, where a large percentage, 35% are senior citizens while only 13% are children under 18 years old.
Approximately 68.7% of Mystic homes are owner-occupied, and the average rent in Mystic is $1,425.00.
What Can You Buy for $1.375 Million
For $1.375 million, you can buy a 1,728 sq ft waterfront home with 2 bedrooms and 1.5 baths in Mystic, CT. A waterfront property at Murphy Point overlooking Mystic Harbor.
| Mystic, CT | |
|---|---|
| Mean Income | $142,828.00 |
| Median Home Price | $519,846 |
5. Old Mystic, CT
Old Mystic is another affluent town in New London County with a mean income of $115,529 and a median home price of $358,835.
Old Mystic is a small coastal Connecticut town with a population of 3,493. Of this, 22.3% are children below 18 years of age, and 19.1% are seniors.
Most of the homes, 88.9% of homes in Old Mystic, are owner-occupied. The average rent in Old Mystic is $1,616.
What Can You Buy for $1 Million
For $1 million, you can buy a 2,140 square-foot waterfront home in Old Mystic on the Mystic River with 4 bedrooms and 2.5 baths. This property offers an impressive 700.5 feet of direct water frontage and 430 feet of road frontage.
| Old Mystic, CT | |
|---|---|
| Mean Income | $115,529.00 |
| Median Home Price | $358,835 |
6. Niantic, CT
Niantic is another affluent coastal town in New London County with a mean income of $103,878 and a median home price of $405,054.
Niantic is a small town with 3,194 residents. A large percentage, 32% of Niantic’s residents are senior citizens and only 14.2% are children under 18 years old.
About 62.4% of homes are owner-occupied, and the rent averages $1,397.00.
What Can You Buy for $2.06 Million in Niantic, CT
For $2.06 million, you can buy a 1,923 sq ft waterfront home in Niantic, CT, with 4 bedrooms, 3.5 baths, and ocean views from every room. Imagine a sunroom that leads out to outdoor decks with direct access to your private beach.
| Niantic, CT | |
|---|---|
| Mean Income | $103,878.00 |
| Median Home Price | $405,054 |